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Student loan debt

She owes more than $160,000 and has a Bachelors in Sociology to show for it. I'm not here to knock on people with a degree in the social sciences because I have one myself, but I also had enough common sense not to go crazy with my student loans. If you're this dumb to borrow this much and you're not going to medical school or going into a field that will make you a lot of money, then it's your own damn fault.

Re: Student loan debt

Sad example of just taking the money and probably not understanding the loan. I had tons of friends like this in college that just loved it when they get the check but didn't really understand how much they were putting themselves into debt for down the road.

Re: Student loan debt

Originally Posted by ISUKyro

Sad example of just taking the money and probably not understanding the loan. I had tons of friends like this in college that just loved it when they get the check but didn't really understand how much they were putting themselves into debt for down the road.

Yeah. I understand that some people don't get financial help from their parents so they have to borrow more than others, but there is no reason to get this far into debt

Re: Student loan debt

Originally Posted by ISUKyro

Sad example of just taking the money and probably not understanding the loan. I had tons of friends like this in college that just loved it when they get the check but didn't really understand how much they were putting themselves into debt for down the road.

This. I was ADVISED by my student loan advisor to borrow as much as possible because it was the "cheapest money I'll ever receive." It wasn't until I changed my major before my senior year to finance that I started to do the math and freak the **** out. I felt like such an idiot for not doing the math myself....

Re: Student loan debt

What's the reasoning behind this? It seems odd that you can declare bankruptcy if you spend too much on houses, vehicles, and credit cards, but not on your education.

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